WHAT IS AN UNSECURED BUSINESS LOAN?
An unsecured business loan is a collateral-free form of financing. Rather than leveraging business funding on personal or business assets, an unsecured business loan places emphasis on the overall health of a business. Many business owners turn to unsecured business loans in order to avoid the traditional bank lending process.
IS AN UNSECURED BUSINESS LOAN RIGHT FOR YOUR BUSINESS?
Unsecured business loans are advantageous for small business owners who are looking for a simple, fast, and hassle-free lending process. Annual percentage rates are typically higher with shorter repayment periods that bank loans. This type of financing may be preferred by business owners who do not want to risk their personal collateral in order to obtain the financing they desire.
ALTERNATIVE LENDING AND UNSECURED BUSINESS LOANS.
Traditional lenders typically offer ridge pathways to business financing that can harm or hold a business in limbo. If you’re in the market for an unsecured business loan, partner with an alternative lender that understands the importance of flexible funding and a timely delivery, such as SnapCap.
Step 1: Basics
for up to $600k
“SnapCap provided me with access to funding in order to procure materials for an upcoming project. The simple process allowed me to focus on running my business.”
Qualifying for a Business Loan
1 Year Time in Business
All we require is 1 year in business. Typical owners have been in business 5 years.
$100K in Annual Revenue
Typical gross revenue exceeds $300,000, although we just require $100,000.
500 Personal Credit Score
Most applicants have credit score over 650. The minimum required is 500.
Meeting minimum requirements does not guarantee funding, but we'll work hard to get you the funding that you need.
A streamlined paperless application with quick processing allows you to focus on running your business.
SAME DAY APPROVAL, NEXT DAY FUNDING
The best technology in alternative lending. Funds deposited in as little as 24 hours following approval.
A RELATIONSHIP YOU CAN TRUST
SnapCap has worked with thousands of businesses since 2012. We strive to build relationships that last.
EXPERT FUNDING ADVISORS
From initial application to future funding needs, your dedicated account manager is here to help you.
HIGH APPROVAL RATES
Funding decisions based on actual business performance. SnapCap can find a solution for you.
Tailored terms to meet your needs. SnapCap is only interested in positioning your business for success.